. >> reporter: tim murphy's firm tracks recommendations by institutional brokers. and sell short recommendations are at their highest level since the lehman brothers collapse in 2008. selling short is a technique to profit if a stock price is going down, but the pessimism isn't expected to last. >> once we get through the period the sentiment seems to be the fourth quarter should be a lot better. >> tom: historically, the fourth quarter during a presidential election is positive, up 2% on average for the s&p 500. among the stocks murphy says are seeing bullishness from brokers: discount retailer dollar general, biotech drug maker vertex pharmaceuticals and financial giant a.i.g. >> the gary thayer is the chief macro strategist of wells fargo advisors joining us from the gateway to the west in st. louis, is this a matter of just surviving the third quarter hoping to thrive in the fourth quarter? >> well, tom, you know, we do have this uncertainty lingering here affecting a lot of investors and their attitudes toward the market. but you know, it's one of these enviro

my good friend term -- tim murphy talked about punishing those who create jobs.we're talking about tax rates that were in place in the clinton administration for eight years. we grew 22 million jobs. that record pebbly look at the anemic job production of the bush administration despite having lower tax rates. i think what is more important is investing in renewing and rebuilding the country. a thing modest adjustments to tax rates is not a problem. we're going to need more revenue as well as cutting spending. we have an aging population, a growing population, i am hopeful that we can get past the arm wrestling can look at what we need to do in terms of a broader overhaul of the tax system. one thing my colleague mentioned about complexity is i agree with that. people get confused. we don't have the highest corporate tax burden world. we have the highest statutory rape but not many corporations pay it. the average as much loren anybody reason news, knows that in some cases, people in the corporate community and the paying little or no tax very weak to go in and r

brian perry is portfolio manager of the 30 fund and tim murphy is managing director of the america's for the tim group and join us now. great to have you on the show. brian, second half better or worse than the first? >> well, i don't know that i'm hoping it's -- i would love to see it equal to the first half of the year. we are expecting a little bit of a slowdown and think that the rest of the year should be a decent one at least. >> brian, saying a bit of a slowdown, economically speaking in terms of a soft patch and might be good for stocks if people factor in qe3. >> that's exactly right. i think we have seen over the time period is the directional change is good. it is just the mag me if i case and how much is coming in to the market. needs to pick up a little bit. directional is fine but we just want to see better job growth and better prospects. >> tim, what about you? brian said equal to. do you think it's better or worse in the second half? >> i'm afraid we are not seeing such great forecasts for second half this year. we look at all the buy side long reactions to the timed

coming up in 45 minutes on "washington journal," congressman tim murphy republican in pennsylvania, support for a bill repealing the 2010 healthcare law. at 8:30 eastern, more about the repeal bill, congressman

pennsylvania republican congressman tim murphy joins me now.was also involved into the look into the solyndra company. he is on the house energy and commerce committee and says the project is worth looking into and perhaps a congressional investigation. congressman, good morning. good to have you here this morn. >>ing good morning martha. gregg: this has been very controversial as i said over last 10 years. it mate i had through twice i believe through bush administration purview. and now is under obama administration purview. so, you know, i guess very bipartisan approval of this project so why do you have a problem with it? >> the concern over the bigger picture what is happening with energy. wind energy is subsidized $56 per kilowatt-hour. coal about 64 cents. and this is continued push by the administration to push one type of energy, this green energy, wind and solar while cutting off so many other areas. keep in mind where very concerned about 40 months plus of poor job reports. unemployment above 8%. coal is looking to lose 100,000 jobs

tim murphy and democrat earl blumenauer. also joining us, louise will join vote -- discussed the role hospitals and employers and other industry groups are playing in implementing the law. live on c-span every morning at 7:00 a.m. eastern. republican presidential candidate mitt romney is in colorado on tuesday. he is hosting a town hall meeting in grand junction. live coverage starting at 12:35 eastern on c-span 3. >> we have great threats to our existence today as a nation. i would think in my opinion, greater than any threat we have ever faced, whether it has been our civil war or revolutionary war or world war ii, or the depression. and that threat comes to us because we have spent the last 30 years in this country spend the money that we did not have on things we did not absolutely need and the bill is due. >> colorado christian university held the western conservatives issues summit, featuring speakers from this country and the netherlands. wash the forum online at the c- span video library -- watch the form online at t

republican tim murphy and democrat earl blumenauer. also joining us will be wall street journal health reporter leaves right nasty. she will discuss the health insurance companies employers, and other industry groups in implementing the law. "washington journal" is live on c-span every morning at 7:00 a.m. eastern. neil: surveillance across the united states, the men's health magazine editor will talk about where surveillance is conducted with cities that are the most watched, and the techniques being used. read the story and look at her website and then call, tweet, e-mail him on "washington journal" at 9:15 eastern. >> shreveport in march, oklahoma city in may. wichita in june. and a weekend in jefferson city. watch for the continuing travel of c-span 2's booktv and american history tv. look for that histyand literary culture of louisville, kentucky. the weekend of august 4 and 5th on c-span 2 and 3. coming up on c-span 2, the national associations teacher of the year, than the national security league director speaks about cybersecu

lindsay murphy is live with more on this story. lindsay? >> reporter: timhtower found a home with the redskins last season. his season is cut short after he tore his acl on october 23rd and since then, he has been rehabbing and hopes he would be able to participate fully in camp and this is my one-on-one we tim hightower. >> given the limiting as and the fact that the running back spot is open for grabs, do you consider yourself in the mix for that starting spot or because you can't go -- and you're not in the mix? >> i can't think about that and i have to get out there first, you know, to be competing. right now, i have to focus on getting healthy and when that time comes, when i am able to get on the field, i will be able to compete and, you know, to measure up. right now, i have to focus on getting better. >> what does your body and knee feel like after practice? >> sore. that's sore. >> yeah. >> and that is what i was talking about earlier, the other day and on i am used to being in tip top shape and being able to recover and little things walking up an